Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Lower Boxed Beef Sales with Higher Prices and Stronger U.S. Dollar

Mon, 09 Feb 2015 16:04:04 CST

Lower Boxed Beef Sales with Higher Prices and Stronger U.S. Dollar On a regular basis, Ed Czerwein of the USDA Market News Office in Amarillo, Texas offers a review of the previous week's boxed beef trade. Here is the weekly boxed beef trade for week ending February 7th. The daily spot Choice boxed beef cutout ended the week last Friday at $239.08 which was 3.36 lower. There were 821 loads sold for the week in the daily box beef cutout. It was about 12 percent of the total volume. Click on the LISTEN BAR below to listen to Ed's comments about the weekly boxed beef trade.


The comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was $245.03 which was 5.44 lower. There were 6,601 total loads sold which was 1,644 loads lower than the previous week.   The formula sales were at 3,233 loads which was 263 loads lower than last week and about 49 percent of the total loads sold.


Exports as reported on the weekly box beef report are predominately muscle cuts and they were at 904 loads which was almost exactly the same as than the previous week. Our North American Free Trade Agreement Neighbors bought 111 loads and 793 loads were shipped overseas.


The most recent out-front sales were at 1,192 loads which was 1,215 loads lower than last week. The long term contracts dropped from 1,440 loads down to 425 loads which is still just a little bigger than normal.


Taking a look at the primal cuts, the choice chuck and round primal cut prices were five lower and the rib primal which was up slightly last week was down nine and the loin was only down one. This year we continue to have an enormous increase in imports of fresh beef which includes a large quantity of trimmings that goes into ground beef products. The latest report of imported meat passed for entry into the U.S. for January 31 showed that week we imported 25,925 metric tons of fresh beef which equates to over 57 million lbs for that one week. Year-to-date for the first five weeks of this year was running 61% higher than fresh beef imports last year and Australia is up 109%, providing the biggest individual chunk of the imports and New Zealand is up 58% and are the second largest country. U.S. high beef prices and the higher value of the dollar are definitely attracting imports.


The cow cutout was $5.92 lower and the 90 percent trimmings were $9.96 lower last Friday. The cow cutout was at $231.07 and the Select cutout was $233.81 on Friday so they continue to bounce around each other while staying pretty close in price.

   

   

Listen to Ed Czerwein as he reports on the weekly wholesale boxed beef trade.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.